Record the following transactions for the month of January of a small finishing retailer, balance off all the accounts, and then extract a trial balance as at 31 January 20X8:

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20X8 Jan 11 "1 11 11 "1 "1 1 Started in business with £10,500 cash. 2 Put £9,000 of the cash into a bank account. Bought goods for cash £550. Bought goods on credit from: T Dry £800; F Hood £930; M Smith £160; G Low £510. Bought stationery on credit from Buttons Ltd £89. 3 4 5 6 8 Sold goods on credit to: R Tong £170; L Fish £240; M Singh £326; A Tom £204. Paid rent by cheque £220. 10 Bought fixtures on credit from Chiefs Ltd £610. 11 Paid salaries in cash £790. 14 15 16 Returned goods to: F Hood £30; M Smith £42. Bought van by cheque £6,500. Received loan from B Barclay by cheque £2,000. 18 Goods returned to us by: R Tong £5; M Singh £20. 21 Cash sales £145. 24 Sold goods on credit to: L Fish £130; A Tom £410; R Pleat £158. 26 We paid the following by cheque: F Hood £900; M Smith £118. Received cheques from: R Pleat £158; L Fish £370. 29 30 Received a further loan from B Barclay by cash £500. 30 Received £614 cash from A Tom.